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Hilton IPO Opens Up (Only) 7%

Tyler Durden's picture


Six years after Blackstone paid $26.7bn to LBO this hotel chain (and pretty much marked the top of the last cycle), Hilton is back with the largest ever lodging IPO. Pricing at $20 per share, the largest hotel oeprator in the world is not enjoying the kind of post-IPO euphoria that the likes of 'real' companies like Facebook and Twitter had... for now HLT is up a mere 7%... the question is will the largest hotel IPO also mark the top of this cycle? Finally, with the "dot com 2.0 mentality" raging, will the fact that HLT actually has PE multiple expansion-limiting earnings, be its biggest curse?



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Thu, 12/12/2013 - 11:24 | Link to Comment tsx500
tsx500's picture

Thanks, but ... no thanks !

Thu, 12/12/2013 - 11:30 | Link to Comment Rory_Breaker
Rory_Breaker's picture

Hey there's a night with Paris Hilton involved..

Thu, 12/12/2013 - 11:30 | Link to Comment Rory_Breaker
Rory_Breaker's picture

I downvoted myself

Thu, 12/12/2013 - 11:40 | Link to Comment Joe Davola
Joe Davola's picture

Better include a free shot of penicilin with that deal.

Thu, 12/12/2013 - 11:59 | Link to Comment Ruffcut
Ruffcut's picture

She does know her spread sheets.

Thu, 12/12/2013 - 12:05 | Link to Comment tsx500
tsx500's picture

yuk.  i'd rather pleasure myself with a cheese grater.

Thu, 12/12/2013 - 14:41 | Link to Comment financial apoca...
financial apocalyptic contagion's picture

freaking hate the dot-com craze everywhere

its bad enough in America and now India has flipkart,, 

all indians are doing is joining these shitty start-ups that'l just take longer to top out coz of our larger population

Thu, 12/12/2013 - 11:30 | Link to Comment doomandbloom
doomandbloom's picture

Any new Paris Hilton videos free with the shares?

Thu, 12/12/2013 - 11:40 | Link to Comment Rory_Breaker
Rory_Breaker's picture

You don't need to buy shares for that!

Thu, 12/12/2013 - 11:26 | Link to Comment Traianus Augustus
Traianus Augustus's picture

I guess the Fed doesn't like Hilton.

Thu, 12/12/2013 - 11:26 | Link to Comment Al Huxley
Al Huxley's picture

Ahh, HLT, FB and TWTR - safe ports through this little corrective hiccup, no doubt about it. The winning portfolio for 2014.

Thu, 12/12/2013 - 11:31 | Link to Comment youngman
youngman's picture

I don't like the fact that they do not own most of the Real Estate....just management contracts.....

Thu, 12/12/2013 - 14:52 | Link to Comment TheGardener
TheGardener's picture


Thu, 12/12/2013 - 11:36 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

I guess that Hilton is not like a Silicon Valley start-up.  Wow, who would have thought that?

Thu, 12/12/2013 - 11:38 | Link to Comment youngman
youngman's picture

This should raise the price of housing in the Hamptons....I think the Black Rockies live out east...not in Palo Alto like the Twitties do

Thu, 12/12/2013 - 11:40 | Link to Comment Aknownymouse
Aknownymouse's picture

With a ticker HLT, I guess it should get halted soon

Thu, 12/12/2013 - 11:54 | Link to Comment buzzsaw99
buzzsaw99's picture

"they" will not allow a down market on ipo day

Thu, 12/12/2013 - 12:59 | Link to Comment disabledvet
disabledvet's picture

there was rumor floated that this IPO was going to raise 20 billion...not the two it actually did. as with muni debt "it's just say no time." the bubble in London real estate is truly spectacular...and if that thing blows sky high that pound is going to head south in a hurry...taking a lot of leverage with it of course.

Thu, 12/12/2013 - 11:56 | Link to Comment pragmatic hobo
pragmatic hobo's picture

there goes jpy ... and there goes iwm ... and everything else with it ...

Thu, 12/12/2013 - 12:27 | Link to Comment conspicio
conspicio's picture

My first question is, does any of this IPO money start showing up where I can see it? Remodels, better loyalty structure, higher brand standards...If not, no matter the earnings and stock status it is off to a competitor for many companies (mine included) who are hanging in there as customers but expect to see some of this make fast improvements in signature properties and service.

Thu, 12/12/2013 - 12:34 | Link to Comment gosh
gosh's picture

I remember hilton selling out right at the top.  They had really good timing have to wonder if its the same thing this time

Thu, 12/12/2013 - 13:39 | Link to Comment Rathmullan
Rathmullan's picture

There's always "virtual" hotel rooms and the tease of "gaming" potential. The crooks will always dress the pig anyway they can to make a buck off of their mothers.

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